Shoprite share price leaps by 11.3% in a day

Shares in Shoprite - Africa’s largest retailer – leapt by 11.3% on Wednesday to their highest level since July 2013, making it the JSE’s best performing stock on the day.

The Money Show’s Bruce Whitfield interviewed Chris Steward, Portfolio Manager at Investec Asset Management.

Scroll down for quotes from the audio below.

Shoprite reported a very strong performance in their non-South African operations.

Chris Steward, Investec Asset Management

The consensus view is that interest rate hikes are done. That’s good for the domestic consumer.

Chris Steward, Investec Asset Management

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
'Jacob Zuma is testing the waters (and markets) for a Cabinet reshuffle'

'Jacob Zuma is testing the waters (and markets) for a Cabinet reshuffle'

The Money Show’s Bruce Whitfield interviews Nomura International Emerging Markets Economist Peter Attard Montalto.

‘Rand dropped 20 cents before we finished reading that headline’

‘Rand dropped 20 cents before we finished reading that headline’

Standard Bank's Goolam Ballim, RMB's Greg Kennelly, Business Unity SA’s Jabu Mabuza and futurist Daniel Silke weighs in.

SuperSport United’s Michael Morton gets real about money

SuperSport United’s Michael Morton gets real about money

The Money Show’s Bruce Whitfield interviews Morton about his attitude to money (hopes and fears, successes and failures, etc.).

How ‘legacy thinking’ kills innovation

How ‘legacy thinking’ kills innovation

Bruce Whitfield interviews Richard Mulholland, author of “Legacide - Why Legacy Thinking is the Silent Killer of Innovation”.

3 best investments in the world right now (by Mia Kruger)

3 best investments in the world right now (by Mia Kruger)

Hot tip alert! Mia Kruger of Kruger International Asset & Wealth Management shares her stock picks of the week on The Money Show.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

Popular articles
Cape's blusterous winds too risky for the Mercedez Benz fashion week

Cape's blusterous winds too risky for the Mercedez Benz fashion week

Several shows of the Mercedes-Benz Fashion Week Cape Town 2017 had to be postponed due to the gusting winds.

Naked Scientist reveals the real cure for a hangover (and its not hot wings!)

Naked Scientist reveals the real cure for a hangover (and its not hot wings!)

Dr Chris Smith gives insights on what peaks your interest.

The rand is on a rampage

The rand is on a rampage

The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.

[CARTOON] Poephol With a Taste For Strife

[CARTOON] Poephol With a Taste For Strife

EWN's Dr Jack & Curtis take a look at the Spur confrontation that has taken the country by a storm.

Spur tightens its belt as 'two for the price of one' Monday burger special ends

Spur tightens its belt as 'two for the price of one' Monday burger special ends

The CEO of Spur says food inflation has played a big role in making this difficult decision.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.